Business leaders agree — innovation is important, but it’s difficult to define. Vague definitions like “the process of innovating” or “making changes in something established, especially by introducing new methods, ideas, or products” don’t clear anything up. At PLM Group, we define innovation as: “executing an idea that addresses a specific challenge and achieves value
For over a century success of manufacturing companies has been driven by product-related technological advancements and production line optimization. New process-related technologies are altering the path to success at an accelerated pace. Companies are moving into a new game they are not used to playing.